Idan Ofer in fleet deal

Idan Ofer’s Eastern Pacific Shipping is close to securing a fleet of aframax tankers from Anglo-Italian owner Blenheim Shipping, brokers say.

Singapore-based Eastern Pacific is understood to be paying around $210m for the mixed age fleet.

While the deal remains on subjects, it is not dependent on Eastern Pacific division Quantum Crude Tankers revising its initial public offering ambitions, sources say.

While rumours are rife around the fleet, TradeWinds understands Blenheim has been selectively looking for a buyer for a number of weeks.

The ships set to change hands are the 105,000-dwt Sea Lady (built 2003), Star Lady (2005), Sky Lady (built 2008), Moon Lady (built 2009), Smart Lady (built 2011) and Sharp Lady (built 2012).

At least two of the vessels are believed to be attached to period contracts of around a year.

Eastern Pacific attempted to float Quantum Crude on Oslo’s over the counter (OTC) market with a view to a full IPO earlier this year.

The effort was shelved as the IPO window that had allowed Teekay’s Tanker Investments to go public closed.

Eastern Pacific will all but double its trading aframax fleet with the deal. It has seven of the tankers in the water and a further two on order.

Its total fleet, including newbuildings, presently sits at 98, Clarksons says.